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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Warren Gates who wrote (4451)	1/25/1999 1:01:00 AM
From: Gil Gilbertson	Read Replies (2) \| Respond to of 13953

If I were a stockholder of Egrp or any intnstock, then, I would be running scared. So many young and inexperienced players in this game are now going to just be canon fodder for the pros. There is nothing new in this game, these are called story stocks, they come along every couple of years. After they have run their course, they descend until all unwilling sellers are liquidated by margin calls, fright, change in rules etc. Meanwhile, the novice thinking he owns a future gold mine hangs in until his last dollar. Then when the cycle completes the pros pick up the shares for nothing and the cycle goes up again. P.S. Look up the insider sales for the last couple of months... In a nutshell, the novice trades his money for stock at the top. and the pro trades his money for the stock at the bottom. Fair? I dont know but thats the way it is.... This market is ripe and with Hong Kong down 400+ tonite, it could be quite a show tomorrow, especially if Clinton fortunes turn for the worst....this is a good time for casharoo..... Gil

To: Warren Gates who wrote (4451)	1/25/1999 8:21:00 AM
From: Stanley L Brown	Respond to of 13953

Hi Warren, Don't get me wrong, I agree the stock can and probably will still see higher prices, and your right this is no Zitel! They do have management that is sane, a product that is mainstream and viable, even if it needs a good bit of work yet. I agree that all brokerages have some amount of problems. But I also know for fact that some things they do are bad for business as soon as the majority of their clientelle find out about them. So I'm playing this one like the early days of zitel, in and out both long and short. All your points are valid and there is still alot of growth going on and yes ETrade will benefit from it with the smart moves they have made. They now have a large enough base of clients to make money the right way without playing the investors orders against them and selling the order flow. I know many do it. But most that do sell it to someone that does truely represent that order to market! I have no doubt ETrade will make it in the long run as Christos is no Jack King ;) but they will have to make a few changes as things go along. Like I told the other poster keep in mind when we talk about the service and the stock they are two distinctly different things! Good Luck Happy Trading Stan